master trust authorisation and supervision regime
Don't limit DC savers' choice, respondents say
Defined contribution (DC) savers should not have their choices limited when it comes to savings plans and retirement decisions, a majority of this week’s 93 Pensions Buzz respondents say.
Smart Pension and Lewis master trust authorised
Smart Pension and The Lewis Workplace Pension Trust have been authorised by The Pensions Regulator (TPR), taking the total number of approved schemes to 22.
Industry backs 'gentle hand' of TPR supervision
The Pensions Regulator (TPR) is right to introduce new regulatory initiatives for 1,000 schemes as part of its clearer, quicker and tougher approach, this week's Pensions Buzz respondents said.
Link Pension Trustees fined £104,000 over McDonald's scheme failures
The Pensions Regulator (TPR) has handed Link Pension Trustees fines totalling £103,750 for multiple breaches of pensions law in relation to the McDonald's Franchisee Pension Scheme.
Cheviot Trust applies for master trust authorisation
The Cheviot Trust was one of 30 master trusts that applied for master trust authorisation to The Pensions Regulator (TPR) prior to the window closing on 31 March, PP can reveal.
Scottish Widows and Lewis master trusts apply for authorisation as 44 others close
The Scottish Widows Master Trust and the Lewis Workplace Pension Trust have applied for authorisation to continue operating in the master trust market, PP can reveal.
Updated: L&G's two master trusts authorised by regulator
Legal & General's (L&G) two master trusts have been authorised, four months after they submitted their applications.
Five stories you may have missed this week
This week's top stories include news that Aon had launched and then abandoned talks with Willis Towers Watson over a potential merger.
Five stories you may have missed this week
This week's top stories included a Freedom of Information request revealing more than 100,000 savers could face six-figure tax bills as a result of GMP equalisation.
Five stories you may have missed this week
This week's top stories included two more master trusts applying for authorisation as the market continues to reshape under the strengthened regime.
TPR confirms end to 'serious' admin issues at Now Pensions
Now Pensions has overhauled its administration system after historic issues caused a failure in collecting and investing around 265,000 members' contributions.
Check if your scheme is a master trust, TPR urges
Schemes risk breaking the law and being forced to wind up as The Pensions Regulator (TPR) warns some may be master trusts but do not know so.
Here's to a happy (but quieter) New Year
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.
LifeSight first to apply for master trust authorisation
Willis Towers Watson's master trust LifeSight has become the first to apply for authorisation under The Pensions Regulator's (TPR) new regime.
Five stories you may have missed this week
This week's top stories included the High Court ruling that guaranteed minimum pensions must be equalised, and Ford offering partial defined benefit transfers to members.
TPR drafts in FCA and PRA staff for help on master trust authorisation
The Pensions Regulator (TPR) has seconded staff from other national watchdogs as it rolls out the master trust authorisation and supervision regime, Lesley Titcomb has revealed.
30 master trusts leaving market as TPR's authorisation regime comes into force
The Pensions Regulator (TPR) has confirmed that 30 master trusts have or will exit the market, leaving 58 which will either need to apply for authorisation or exit in the coming months.
No more than 10 master trusts needed, says industry
Just under half of respondents to this week's Pensions Buzz argued the master trust market would operate more efficiently if there were fewer participants, without damaging competition.
Guy Opperman: Master trusts are fuelling the pensions saving revolution
Pensions minister Guy Opperman says the new master trust regulations are vital to protect the pensions saving revolution of auto-enrolment.
TPR: Quarter of master trusts confirmed to quit market so far
At least 24 master trusts will close shop as the authorisation regime comes into force, representing a quarter of the market, The Pensions Regulator (TPR) has confirmed.
Five stories you may have missed this week
This week's top stories included a landmark ruling by The Pensions Ombudsman that a local policy authority scheme should pay benefits in full to a scam victim after it failed to provide adequate anti-scam literature to the member.
TPR warns schemes could unwittingly become master trusts
The Pensions Regulator (TPR) has warned schemes that making future changes to benefits or structures could cause them to become subject to its master trust regime.
TPR 'notified' of six additional master trusts it will need to authorise
The Pensions Regulator (TPR) has said it was unaware of six schemes that meet the legal definition of 'master trust' ahead of the start of the authorisation regime.
TPR appoints five to Determinations Panel ahead of authorisation regime
The Pension Regulator's (TPR) Determinations Panel has appointed five members as it prepares to rule on master trust authorisation applications
